Two Homebase stores in the north-east are at risk of shutting.
The DIY firm today announced the stores in Bridge of Don and Portlethen are among 42 that could close under a Company Voluntary Agreement (CVA) proposal – an insolvency procedure used by struggling firms to close under-performing shops.
The Inverurie store is not among those listed by the firm.
The move has put 1,500 jobs across the UK at risk.
If the CVA is approved the stores are expected to shut during late 2018 and early 2019.
Restructuring experts at Alvarez & Marsal will carry out the CVA, which will require the support of landlords.
The full list of stores at risk of closure
1. Aberdeen Bridge of Don
2. Aberdeen Portlethen
4. Bedford St Johns
9. Cardiff Newport Road
10. Croydon Purley Way
12. Dublin Fonthill
13. Dublin Naas Road
15. East Kilbride
24. London Merton
25. London New Southgate
26. London Wimbledon
28. Oxford Botley Road
31. Poole Tower Park
34. Seven Kings
36. Southampton Hedge End
39. Swindon Drakes Way
40. Swindon Orbital
The latest restructuring would come on top of a store closure programme the retailer has been carrying out since February.
A total of 16 Homebase stores have been shut this year and the business has also axed 303 jobs at its head office in Milton Keynes.
Damian McGloughlin CEO of Homebase said: “Launching a CVA has been a difficult decision and one that we have not taken lightly.
“Homebase has been one of the most recognisable retail brands for almost 40 years, but the reality is we need to continue to take decisive action to address the underperformance of the business and deal with the burden of our cost base, as well as to protect thousands of jobs.
“The CVA is therefore an essential measure for the business to take and will enable us to refocus our operations and rebuild our offer for the years ahead.”
Homebase could see some resistance from landlords to the CVA, with the property industry expressing disdain for the procedure, saying it leaves them out-of-pocket.
CVAs have been adopted by a host of retailers including New Look, Carpetright and Mothercare.
The Homebase store closures follow the sale of the business earlier this year by its former Australian owner Wesfarmers to Hilco, a retail turnaround specialist, for £1.
Homebase was bought by Wesfarmers for £340 million in 2016.
Wesfarmers is known for its Bunnings chain in Australia, and attempted to import the home improvement brand to the UK by converting a host of Homebase stores into the Bunnings format.
However, the strategy ended in disaster.
Prior to the Hilco takeover, Homebase had 250 stores at its peak and 12,000 staff.